Infomercial Producer Doubles Its Earnings

Positive Response Television Inc., a fast-growing infomercial producer, doubled its earnings in the third quarter.

The Sherman Oaks company said its net income was $916,000 in the three months ended Sept. 30, up from a $442,000 profit a year earlier. Its quarterly revenue surged to $10.6 million from $1.52 million.

For the recent nine-month period, Positive Response earned $1.25 million, an 89% gain from a $661,000 profit a year before. Revenue grew to $17.1 million from $2.8 million.

The company attributed its quick growth to the money it raised in its initial public stock offering in May, the success of its infomercials and its expanding business distributing infomercials developed by others.